BlackRock $BLK Stock: State of Alaska Department of Revenue Raises Stake

State of Alaska Department of Revenue raised its position in BlackRock (NYSE:BLK) by 3,044.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 444,827 shares of the asset manager’s stock after purchasing an additional 430,681 shares during the quarter. BlackRock accounts for approximately 4.4% of State of Alaska Department of Revenue’s holdings, making the stock its 3rd biggest holding. State of Alaska Department of Revenue’s holdings in BlackRock were worth $470,756,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in BLK. Santa Clara Valley Transportation Authority bought a new position in shares of BlackRock during the second quarter valued at approximately $129,138,253,000. BlackRock Inc. purchased a new stake in shares of BlackRock in the second quarter worth approximately $9,747,857,000. Corient Private Wealth LLC lifted its stake in shares of BlackRock by 5,190.3% during the 4th quarter. Corient Private Wealth LLC now owns 5,490,422 shares of the asset manager’s stock worth $5,876,618,000 after acquiring an additional 5,386,640 shares during the last quarter. Temasek Holdings Private Ltd grew its position in BlackRock by 4.7% in the 1st quarter. Temasek Holdings Private Ltd now owns 5,330,492 shares of the asset manager’s stock valued at $5,126,387,000 after acquiring an additional 237,667 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in BlackRock by 0.7% in the first quarter. Bank of America Corp DE now owns 5,232,973 shares of the asset manager’s stock worth $5,032,603,000 after purchasing an additional 35,069 shares during the period. Institutional investors own 80.69% of the company’s stock.

Trending Headlines about BlackRock

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: Strong Q3 results and record inflows: BlackRock reported adjusted EPS of $15.93, above the $14.32 consensus, while revenue reached $7.75 billion versus expectations of $7.42 billion. Quarterly net inflows totaled approximately $205 billion, lifting assets under management to a record $15.5 trillion. BlackRock Reports Third Quarter 2026 Earnings
• Positive Sentiment: Growth outlook broadening beyond traditional ETFs: Management highlighted strong iShares demand, higher-fee products, technology revenue, private-markets fundraising and opportunities to finance AI infrastructure. Margin expansion and a seasonally stronger fourth quarter could support earnings momentum. BLK Q3 Earnings Call Puts AI Financing and Fees in Focus
• Positive Sentiment: Analysts raised their valuation targets: JPMorgan increased its target to $1,449 and maintained an Overweight rating; Keefe, Bruyette & Woods raised its target to $1,310 with an Outperform rating. Bank of America also reiterated Buy and lifted its target to $1,313. BlackRock Earns Buy Rating
• Neutral Sentiment: BlackRock executives continued promoting fixed-income ETFs, tokenization and AI-related infrastructure as long-term growth areas. These themes may expand the firm’s addressable market but are less immediate earnings catalysts than the quarterly results. BlackRock, WisdomTree, Fidelity Leaders Talk Fixed Income ETFs
• Negative Sentiment: U.S. bitcoin and ether ETFs experienced roughly $391 million of combined outflows, including renewed withdrawals from BlackRock and Fidelity products. Continued crypto weakness could modestly pressure ETF-related flows and fee revenue. Bitcoin, Ether ETFs Lose $391M
• Negative Sentiment: Investors also face macro and political risks: higher yields can pressure asset valuations, while CEO Larry Fink’s warning that a data-center construction moratorium could trigger a recession highlights BlackRock’s growing exposure to the AI investment cycle. BlackRock’s Larry Fink Warns a Data Center Moratorium Could Trigger a Recession

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on BLK shares. Weiss Ratings lowered shares of BlackRock from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Keefe, Bruyette & Woods upped their price target on shares of BlackRock from $1,290.00 to $1,310.00 and gave the stock an “outperform” rating in a report on Thursday. Evercore reaffirmed an “outperform” rating and issued a $1,275.00 price target on shares of BlackRock in a research note on Friday, October 9th. JPMorgan Chase & Co. lifted their price objective on shares of BlackRock from $1,435.00 to $1,449.00 and gave the company an “overweight” rating in a report on Thursday. Finally, UBS Group reissued a “buy” rating and issued a $1,300.00 price objective on shares of BlackRock in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,312.06.

BlackRock Stock Up 3.4%

Shares of BLK traded up $36.18 during midday trading on Thursday, reaching $1,109.97. 470,327 shares of the stock were exchanged, compared to its average volume of 736,922. The company has a market capitalization of $171.90 billion, a P/E ratio of 26.53, a PEG ratio of 1.20 and a beta of 1.41. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.33. BlackRock has a 52 week low of $917.39 and a 52 week high of $1,209.89. The company’s 50 day moving average is $1,106.43 and its two-hundred day moving average is $1,061.02.

BlackRock (NYSE:BLK) last released its quarterly earnings data on Wednesday, October 14th. The asset manager reported $15.93 earnings per share for the quarter, beating the consensus estimate of $14.32 by $1.61. BlackRock had a return on equity of 14.90% and a net margin of 24.09%. The firm had revenue of $7.75 billion during the quarter, compared to the consensus estimate of $7.42 billion. During the same period in the previous year, the company posted $8.43 earnings per share. The firm’s quarterly revenue was up 19.1% on a year-over-year basis. On average, sell-side analysts anticipate that BlackRock will post 55.70 earnings per share for the current year.

BlackRock Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th were given a dividend of $5.73 per share. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $22.92 dividend on an annualized basis and a yield of 2.1%. BlackRock’s dividend payout ratio (DPR) is 54.78%.

BlackRock Profile

BlackRock, Inc is a global investment management and financial technology company serving individual investors, institutions, governments and financial professionals. The company provides investment management, risk management and advisory services across a broad range of asset classes, including equities, fixed income, multi-asset strategies, alternatives and cash management.

BlackRock offers investment products through mutual funds, exchange-traded funds and other vehicles. Its iShares brand is one of the company’s principal platforms for exchange-traded funds, providing access to domestic and international markets, industry sectors, bonds, commodities and specialized investment strategies.

The company also provides technology and analytical solutions through its Aladdin platform, which is used by asset managers, institutional investors and other financial organizations for portfolio management, risk analysis, trading and operational support.